re: ****futures strenghening****** 7:42am 01/23/06
Ford tops Wall St. 4Q adjusted earns view (F) By Michael Baron
NEW YORK (MarketWatch) -- Ford Motor Co. (F) Monday reported fourth-quarter earnings of $124 million, or 8 cents a share, up from a year-ago profit of $104 million, or 6 cents a share. Excluding a number of items, the company posted earnings from continuing operations of $511 million, or 26 cents a share, down from a year-ago equivalent profit of $554 million, or 28 cents a share. Total sales and revenue, which includes the contribution of the company's financial services business, rose in the latest three months to $47.6 billion from $44.9 billion in the same period a year earlier. Automotive sales totaled $41.82 billion in the December quarter, up from $38.87 billion a year earlier. The average estimate of analysts polled by Thomson First Call was for a profit of a penny a share on revenue of $37.33 billion in the December period. Ford said it plans to issue a separate press release with details about the "Way Forward" plan for its North America business at 10:30 a.m. EST. The stock closed Friday at $7.90, down 32 cents.
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